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Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Woody_Nickels who wrote (5008)	6/15/1999 12:01:00 AM
From: mark garner	Read Replies (1) \| Respond to of 9582

congrats to all the long-termers. considering the value of its investments alone, ALSC is terribly undervalued. also considering the upturn in semis, this stock should continue to move as long as the market doesnt completely fall apart. i am looking for a tech rally soon which should help the semis as well. the street.com article was very enlightening. wish i had bought a few months ago.

To: Woody_Nickels who wrote (5008)	6/15/1999 4:50:00 AM
From: DJBEINO	Respond to of 9582

STOCKWATCH: UMC sharply higher on merger plan TAIPEI (AFX-ASIA) - United Microelectronics Corp shares are sharply higher after yesterday's announcement of plans to merge four other wafer foundry units -- USC, UICC, USIC and UTEK -- by the end of the year, dealers said. At 9:25 am, UMC was up 4.00 twd at 67.50 on volume of 26.20 mln shares, CMC added 6.50 to 109.00 on 14.74 mln shares, and TSMC rose 7.50 to 118.00, having traded in 116.50-118.00, on 71.49 mln shares. They were all limit-up. UTEK was limit-down 2.80 twd at 37.70 on 8.04 mln shares. The electronics sector was up 3.48 pct. The weighted index was up 96.77 points at 8,070.35, off a high of 8,109. 28, on turnover of 38.13 bln twd. The Taiwan dollar was at 32.360 against the U.S. dollar, from yesterday's close of 32.427. Dealers said expectations of increasing competiveness and earnings per share after the merger triggered a buying spree in UMC, which will be the surviving entity following the merger. However, UMC unit UTEK encountered a steep sell-off as UTEK will be delisted after the merger, they said. The broad electronics sector outperformed the market on the UMC lead and as TSMC and CMC went ex-dividend today, they added. TSMC shares closed at 138.00 twd yesterday, which was diluted to 110.50 amid a stock dividend of 2.30 twd. CMC shares closed yesterday at 143.50, which was diluted to 102.50 amid a stock dividend of 4.00 twd.